Tokio Marine Asset Management Co. Ltd. Buys 277 Shares of The Sherwin-Williams Company (NYSE:SHW)

Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,325 shares of the specialty chemicals company’s stock after buying an additional 277 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Sherwin-Williams were worth $3,605,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHW. Brighton Jones LLC increased its position in Sherwin-Williams by 73.6% during the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after buying an additional 655 shares in the last quarter. United Capital Financial Advisors LLC increased its position in Sherwin-Williams by 2.2% during the 4th quarter. United Capital Financial Advisors LLC now owns 4,644 shares of the specialty chemicals company’s stock valued at $1,579,000 after buying an additional 99 shares in the last quarter. Stenger Family Office LLC bought a new position in Sherwin-Williams during the 4th quarter valued at approximately $5,930,000. Main Street Financial Solutions LLC increased its position in Sherwin-Williams by 4.4% during the 4th quarter. Main Street Financial Solutions LLC now owns 2,565 shares of the specialty chemicals company’s stock valued at $872,000 after buying an additional 108 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in Sherwin-Williams by 76.3% during the 4th quarter. NewEdge Advisors LLC now owns 15,555 shares of the specialty chemicals company’s stock valued at $5,288,000 after buying an additional 6,731 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on SHW shares. Loop Capital reduced their target price on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. BMO Capital Markets reduced their target price on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating for the company in a report on Wednesday, July 23rd. Mizuho reduced their target price on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating for the company in a report on Wednesday, July 23rd. JPMorgan Chase & Co. reduced their target price on Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Finally, Bank of America lifted their target price on Sherwin-Williams from $289.00 to $296.00 and gave the stock an “underperform” rating in a report on Monday, June 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $383.33.

Sherwin-Williams Stock Performance

Shares of SHW opened at $369.35 on Thursday. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The firm has a market capitalization of $92.09 billion, a P/E ratio of 36.64, a PEG ratio of 3.38 and a beta of 1.16. The business has a fifty day moving average of $345.71 and a 200 day moving average of $347.99.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.76 by ($0.38). The company had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. Sherwin-Williams’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $3.70 earnings per share. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a dividend of $0.79 per share. The ex-dividend date is Friday, August 15th. This represents a $3.16 annualized dividend and a yield of 0.9%. Sherwin-Williams’s payout ratio is 31.35%.

Insiders Place Their Bets

In related news, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the transaction, the chief accounting officer directly owned 377 shares in the company, valued at approximately $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.